A bipartisan Senate duo has introduced legislation they say would create jobs, albeit through an unlikely means: beer.
Sens. John KerryJohn KerryQueen Elizabeth resting 'for a few days' after hospital stay Twenty-four countries say global net-zero goal will fuel inequality Queen Elizabeth recognizes Kerry from video message: 'I saw you on the telly' MORE (D-Mass.) and Mike CrapoMichael (Mike) Dean CrapoDemocrats narrow scope of IRS proposal amid GOP attacks Senate GOP signals they'll help bail out Biden's Fed chair Yellen confident of minimum global corporate tax passage in Congress MORE (R-Idaho) on Wednesday introduced the BEER Act — the Brewers Employment and Excise Relief Act — which reduces excise taxes on beer.
Kerry estimates the legislation would create jobs at many of the 1,600 small breweries across the country, which employ a total of 100,000 people. That includes several microbreweries in Massachusetts, such as Sam Adams, named for one of the Founding Fathers and a former governor of Massachusetts.
The bill cuts the tax on the first 60,000 barrels of beer produced from $7 per barrel to $3.50.
“This bill will help ensure that these small businesses keep people on the payroll and create jobs even during tight economic times,” Kerry said in a statement announcing the legislation.
The bill also would lower the tax rate on production over 60,000 barrels, to $16 per barrel. That, Kerry said, would leave brewers with $27.1 million more a year “that can be used to support significant long-term investments and create jobs by growing their businesses on a regional or national scale."
Additionally, the bill works to incentivize states to produce crops used in beer, like barley and hops.
The measure has 15 co-sponsors.
"I remain optimistic this bill will pass this year to create new jobs and new markets," Crapo said.